India's Mining Sector Expands by 7.5%
COAL & MINING

India's Mining Sector Expands by 7.5%

India's mining sector has experienced significant growth, expanding by 7.5% in the fiscal year 2023-24. This uptick reflects the resilience and potential of the country's mining industry, contributing to economic development and resource extraction.

The growth in India's mining sector is attributed to various factors, including increased production levels, favourable policy reforms, and rising demand for minerals and metals both domestically and internationally. The sector's expansion is indicative of its importance in driving industrial growth and supporting key sectors such as manufacturing and infrastructure.

The mining sector encompasses a wide range of activities, including coal, iron ore, limestone, and other minerals, which are essential inputs for various industries. The growth in mining activities signifies a positive outlook for India's industrial and manufacturing sectors, as it ensures a stable supply of raw materials for production processes.

Furthermore, the growth of the mining sector contributes to job creation, revenue generation, and infrastructure development in mining regions, supporting local economies and livelihoods. The sector's expansion also presents opportunities for investment, technological advancement, and sustainable mining practices.

However, challenges such as environmental concerns, regulatory hurdles, and infrastructure constraints continue to impact the mining sector's growth trajectory. Addressing these challenges and fostering a conducive environment for responsible and sustainable mining practices are essential for the long-term growth and competitiveness of India's mining industry.

As India's mining sector continues to expand, stakeholders, including government agencies, industry players, and local communities, must collaborate to ensure inclusive and sustainable growth while mitigating environmental and social impacts. By harnessing the potential of its mineral resources and adopting best practices, India can maximise the contribution of its mining sector to economic growth and development.

India's mining sector has experienced significant growth, expanding by 7.5% in the fiscal year 2023-24. This uptick reflects the resilience and potential of the country's mining industry, contributing to economic development and resource extraction. The growth in India's mining sector is attributed to various factors, including increased production levels, favourable policy reforms, and rising demand for minerals and metals both domestically and internationally. The sector's expansion is indicative of its importance in driving industrial growth and supporting key sectors such as manufacturing and infrastructure. The mining sector encompasses a wide range of activities, including coal, iron ore, limestone, and other minerals, which are essential inputs for various industries. The growth in mining activities signifies a positive outlook for India's industrial and manufacturing sectors, as it ensures a stable supply of raw materials for production processes. Furthermore, the growth of the mining sector contributes to job creation, revenue generation, and infrastructure development in mining regions, supporting local economies and livelihoods. The sector's expansion also presents opportunities for investment, technological advancement, and sustainable mining practices. However, challenges such as environmental concerns, regulatory hurdles, and infrastructure constraints continue to impact the mining sector's growth trajectory. Addressing these challenges and fostering a conducive environment for responsible and sustainable mining practices are essential for the long-term growth and competitiveness of India's mining industry. As India's mining sector continues to expand, stakeholders, including government agencies, industry players, and local communities, must collaborate to ensure inclusive and sustainable growth while mitigating environmental and social impacts. By harnessing the potential of its mineral resources and adopting best practices, India can maximise the contribution of its mining sector to economic growth and development.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement